batikit - your assessment has proven to be correct - LEI still in downtrend, so well done. Next Q is Why? and when will is stop. As highlighted on this threads - good news seems to be met with only a reduction in the share price. ARE WE CLOSED to THE BOTTOM. $1.3B contact not to be sneezed at - (but has not stemmed the bleeding) Info below.
THIESS AWARDED $1.3B MINING CONTRACT Thiess Pty Ltd has been awarded a six-year $1.3 billion contract to extend mining operations at Peabody Energy Australia?s Burton Coal Mine in Queensland?s resource rich Bowen Basin. Thiess has operated the Burton Coal Mine for the past 14 years and this contract will prolong the life of mine until 2016. Thiess Managing Director David Saxelby said ?The contract is recognition of Thiess? position as Australia?s leading contract miner and we look forward to building on our strong relationship with Peabody in Australia.?
LEI Price at posting:
$30.50 Sentiment: LT Buy Disclosure: Held
